Nigerian stocks fell for the second day on Tuesday, with the main equity index contracting by 0.11 per cent and sell-off of some big bank stocks leading the market deeper into the negative territory. Access Holdings, which completed a changeover to a holding company on Monday, Zenith Bank and International Breweries led the pullback, which […]
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
ABUJA- Nigerian stocks climbed towards a four-year high on Wednesday, after Dangote Cement, Nigeria’s biggest listed company, announced plans to buy back shares next week. The all-share index gained 1.16% to 44,367 points, a level last reached in February 2018. Dangote Cement rose 6.18% to 275 naira, valuing the cement group at 4.675 trillion naira […]
Proshare Nigeria Pvt. Ltd. The Equity Markets in 2021 The global economy continues its recovery from the COVID-induced recession in 2020 as the breakthrough with Covid-19 vaccines that 2021 would be a year of recovery; however, due to unstable vaccination rates, growth rates vary across regions as new mutations of the virus emerged and hampered […]
Top stocks to watch this week More firms released their financial reports for 2021 last week, a majority of them large-cap stocks from sectors as varied as energy, consumer goods, banking and industrial goods. Much as quite a number posted spectacular earnings, two of the five big banks reported passably impressive earnings, while GTCO’s was […]
Tuesday, 8 March 2022: This is the news about the Dollar to Naira rate at the official and black market exchange rate. Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates . How Much Is Dollar To Naira Exchange Rate Today […]
The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 0.28% to close at N18.23 trillion from N18.18 trillion the previous week, reflecting a gain of N50.89 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance: MTNN Plc – N206.00 […]
Buxly Paints Limited (PSX: BUXL) was established as a private limited company in 1954 under the Companies Act, 1913 (now Companies Act, 2017). Later in 1985, it was converted into a public limited company. The company manufactures and sells paints, pigments, protective surface coating, varnishes and other related products. It does so under a toll […]
Nigerian Exchange [Photo Creadit: Business Live Nigeria] Gains recorded by some large and medium capitalised stocks on Thursday lifted market capitalisation by N42 billion. The stocks include Oando, UACN, Jaiz Bank and R.T Briscoe. Specifically, the market capitalisation rose to N25.527 trillion, representing an increase of 0.16 per cent from the N25.485 trillion on Wednesday. […]
BY: CHARLES ABUEDE Equity market analysts are now openly expressing fears that consumer goods stocks such as Dangote Sugar, Flour Mills Nigeria, Nestle Nigeria and Unilever Nigeria, as well as industrial-focused stocks involved in cement production with a heavy gas composition in their energy mix, may emerge as losers from the faceoff in Eastern Europe […]
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